The BUDGET tonight.

[Bobby]

I feel sorry for the politicians -
they have to stand up and promise all these things and
not say that it's with borrowed money that can never be repaid.

They are professional liars - how do they sleep at night?

I would be too honest to carry on like them.

$200 billion was a budget emergency or so Abbott called it
when he came to power after Rudd.

We're now $1.1 trillion in debt - the treasurer didn't say that.


It will never be paid back - not in 50 years.
The debt will get bigger and bigger -
maybe
$2 trillion within 3 years?
$6 trillion within 10 years?

How on Earth did we get ourselves into such a financial mess?

[Black Orchid]

https://www.afr.com/politics/federal/wi ... 005-p5621w

[Bobby]

What did Josh Frydenberg say about constipation?

He couldn't budge it.

[Bobby]

On a more positive side I hope Josh Frydenberg
knows what he's doing.
He's throwing a hell of a lot of money at the Australian economy.
I wish him well as he is the only hope we have -
it has to work.

[Nom De Plume]

It was a very Keynesian budget.
Good for the times we are in perhaps...

[Juliar]

No GLOOM and DOOM in the Lib Budget. But lots of GLOOM and DOOM in the Labor Catacombs of Corruption.

ScoMo with God at his side saves Australia from the WOKE Socialists and Greenies.

[Juliar]

Magnificent effort by Joshy in presenting a post WW2 style massive capital works stimulus to the economy.



Manna from Frydenberg—not heaven!
07.10.20.



Cash payments totalling $500 are about to line the pockets of around 5.1 million pensioners and other eligible recipients.

The two $250 payments were announced as part of the Federal Budget handed down by Treasurer Josh Frydenberg on Tuesday night.

They’re due to set the Government back $2.6 billion over three years from the 2020/2021 tax period.

The aim is to help stimulate a struggling economy and to ease some of the financial challenges posed by coronavirus. But they’re not the first coronavirus-related cash payments to go out to Australians in 2020.


What we know about the $250 cash payments for aged, family and disability welfare recipients in the 2020 Budget
Source: ABC

Earlier this year, a $750 payment was made to about 6.6 million people who were receiving some form of assistance from Centrelink.
And a second $750 payment went to 5 million Australians in July as part of the Government’s coronavirus response.
Here’s what we know about the latest round of payments.

Who’s eligible for the $250 payments?
It’s not just pensioners.

If you receive any of the following payments or if you hold any of the following healthcare cards, then you’re eligible:
Age pension
Disability Support Pension
Carer Payment
Family Tax Benefit, including the Double Orphan Pension (but not in receipt of a primary income support payment)
Carer Allowance (but not in receipt of a primary income support payment)
Pensioner Concession Card (PCC) holders (not in receipt of primary income support payment)
Commonwealth Seniors Health Card holders
eligible Veterans’ Affairs payment recipients and concession card holders

When will they be paid out?
The first payment of the two will start being paid out from November.
And the second part is due to follow in March 2021.
We don’t have the exact dates for either yet.

Will the payments be taxed?
No, the payments won’t be taxed.
They also won’t count as income support for the purposes of any income support payments.

What do industry experts make of the payments?
Ian Yates, the chief executive of the Council on the Ageing (COTA), which represents older Australians, said the payments were “very welcome”.
“This is what we’ve called for and we’re pleased to see the Government delivering more money to pensioners, who both need it and will spend it into the economy,” he said.
“There are a number of other very useful initiatives in aged care, but the big aged care budget’s clearly going to be in May next year after the royal commission’s reported.”

Mr Yates said COTA still had some concerns following Tuesday night’s payment announcement.
The biggest?
“We fully support the broad and amazing range of economic stimulus job creation programs, and we support the targeting of younger Australians as a vulnerable group,” he said.
“What we’re worried about is there’s not a parallel targeting for those mature and older workers who are also and equally vulnerable.
“They are often the first made redundant, they find it very hard after economic crises to get back into the workforce at a time when they’re trying to support themselves and pay for their retirement.
“So we are concerned that having supplements for supporting young people without a parallel for older people will price older workers out and make their task in the economic recovery even harder.”
Mr Yates said COTA would discuss this issue with the Government.

https://morningmail.org/manna-from-fryd ... ore-121957

[cods]

doesnt anyone think we are lucky to be in a position to BORROW this amount of money?? it takes courage you know...

I am a pensioner I dont have a million dollars in the bank or a nice yacht tied up in Rushcutters Bay.

but I do have the important things a roof over my head food in the cupboard even more than one pair of shoes in the wardrobe.

so when I see those whinging pensioners on TV complaining how desperate they are for the CPI increase...I get a bit angry..

if I had any say in it instead of giving me two payments of $250. I would be happy to see that money diverted to Mental health or aged care..

these areas are far more important than me...and have been neglected long enough..

[Juliar]

cods, apologies for the excessively long post which I know you dislike but it is very relevant and not a bad coverage.

Have you thought of boosting your income by working for UBER ?

[cods]

cods, apologies for the excessively long post which I know you dislike but it is very relevant and not a bad coverage.

Have you thought of boosting your income by working for UBER ?

I dont need more money to SPEND juliar thanks all the same...I have enough of everything.. i am not a greedy person

I dont throw things out because something new is on the market... if it still works..its ok if its the wrong colour doesnt bother me..

I live in the best country in the world....thats enough for me..it aint perfect but then neither am I...so what the heck!